The global skin tightening market is expected to exhibit a robust 6.2% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global skin tightening market is examined in detail in the report, which presents a detailed analysis of the historical growth trajectory of the market in order to make studied projections about the market’s future growth trajectory. The report presents a comprehensive overview of the global skin tightening market, covering every facet of the market.
Skin tightening is a cosmetic procedure done to remove wrinkles and looseness in the skin and make the skin more taut. The primary purpose of this process is to look younger, as removing looseness makes the skin look younger. The growing demand for cosmetic operations to maintain a younger appearance is likely to be a major driver for the global skin tightening market over the forecast period. The growing geriatric population around the world is also likely to be a major driver for the global skin tightening market over the forecast period. Geriatric individuals are most likely to seek cosmetic treatments to appear younger, leading to the geriatric demographic emerging as a key customer demographic for the skin tightening market.
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Geriatric individuals, especially in developed parts of the world, also carry high amounts of disposable income, which allows them to undergo advanced skin tightening processes that ensure maximum efficacy. This has emerged as a key driver for the global skin tightening market over the forecast period.
Technological development in the field of skin tightening procedures is also likely to remain a major driver for the global skin tightening market over the forecast period. Technologies such as RF, laser, and ultrasound have developed and matured over the last few years, making them more suitable for use in skin tightening applications. Sophistication with regards to these technological advances is quite high, leading to the availability of advanced procedures for the purpose of skin tightening, at least in developed economies. This is likely to be a major driver for the global skin tightening market over the forecast period, as technologies such as lasers are likely to be further developed in the coming years in light of the increasing usage of laser and RF technology in other, more economically important applications.
Competitive Analysis:
Leading players in the global skin tightening market include Solta Medical, Alma Lasers, Fotona D.O.O., Lynton Lasers, Allergan, BTL, EINS Med Co., Endymed Medical, SmarterSkin Dermatology, InMode, and Venus Concept. Players in the global skin tightening market are likely to emphasize on technological development in the coming years, as developing more advanced devices and technologies is likely to result in considerable economic windfall in the skin tightening market. Consumers are also increasingly expecting product development and advancement in the skin tightening market.
Segmentation:
The global skin tightening market is segmented on the basis of type, portability, application, end user, and region.
- By Type, the global skin tightening market is segmented into radiofrequency skin tightening, laser skin tightening, ultrasound skin tightening, and others. RF skin tightening holds the largest share in the global skin tightening market.
- By Portability, the global skin tightening market is segmented into portable and standalone, with the portable segment dominating the global market.
- By Application, the global skin tightening market is segmented into anti-aging, reducing wrinkles, facelift, and others. The anti-aging segment holds the largest share in the global skin tightening market.
- By End user, the global skin tightening market is segmented into specialty centers, hospitals and clinics, and others. The specialty centers segment is likely to remain the majority revenue generator in the global skin tightening market over the forecast period.
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Regional Analysis:
The global skin tightening market, by region, is segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The skin tightening market in the Americas is estimated to hold the largest market share. In 2016, according to ISAPS, the total number of skin tightening procedure performed are 75,834. The European skin tightening market has been sub-divided into Western Europe and Eastern Europe. Germany is expected to hold the largest market share in the European region followed by Italy.
The skin tightening market in Asia-Pacific region is expected to be the fastest-growing market, due to increasing research and development funding by the developing countries like China and India for the development of the healthcare sector. The skin tightening market in the Middle East & Africa region has less economic developments and extremely low-income, therefore anticipated to have the least market share but is expected to grow with better opportunities in the coming years.
